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Truth in Lending Act (TILA) Credit Card Agreements

Ballard Spahr LLP

CFPB issues guidance on resumption of quarterly credit card agreement submissions

Ballard Spahr LLP on

The CFPB has issued guidance to credit card issuers regarding the resumption of the requirement to submit card agreements to the CFPB on a quarterly basis. The next submission is due on or before May 2, 2016. In April 2015,...more

Morrison & Foerster LLP

CFPB Finalizes Rule Suspending Quarterly Submission of Credit Card Agreements

On April 15, 2015, the Consumer Financial Protection Bureau (“CFPB”) announced a final rule (“Final Rule”) that suspends for one year the requirement under the Truth in Lending Act and implemented by Regulation Z that credit...more

Ballard Spahr LLP

CFPB finalizes temporary suspension of TILA requirement for quarterly submission of credit card agreements

Ballard Spahr LLP on

The CFPB has issued a final rule adopting its proposal to suspend for one year the Truth in Lending Act/Regulation Z requirement for issuers of open-end credit cards to send their credit card agreements to the CFPB quarterly...more

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